Monument Mining (CVE:MMY) Stock Price Down 4.7% - Here's Why

Key Points

• Monument Mining Limited's stock price fell by 4.7% during trading, reaching a low of C$0.58 before closing at C$0.61.
• The company has a market cap of C$200.57 million and a price-to-earnings ratio of 8.79, indicating a relatively stable financial position.
• Monument Mining operates as a gold producer and holds 100% interest in several gold mine projects located in Malaysia and Australia.

Monument Mining Limited (CVE:MMY - )'s stock price fell 4.7% during trading on Thursday . The stock traded as low as C$0.58 and last traded at C$0.61. 507,749 shares changed hands during trading, an increase of 56% from the average session volume of 325,622 shares. The stock had previously closed at C$0.64.

Monument Mining Stock Performance

The firm's 50-day moving average price is C$0.53 and its 200 day moving average price is C$0.47. The company has a market cap of C$200.57 million, a price-to-earnings ratio of 8.79 and a beta of 1.75. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.36 and a current ratio of 2.70.

Monument Mining Company Profile

Monument Mining Limited operates as a gold producer, engages in the acquisition, exploration, and development of gold, precious metals, and other base metal properties in Canada, Australia, and Malaysia. The company holds 100% interest in the Selinsing gold mine, including the Selinsing, Buffalo Reef, Felda Land, and Famehub projects that are located in Pahang State within the Central Gold Belt of Western Malaysia; and the Murchison gold project portfolio comprising the Burnakura, Tuckanarra, and Gabanintha projects, which are located in the Murchison region of Western Australia.

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